Just have to be very careful because if your plan isnt...

Just have to be very careful because if your plan isnt successful and the resolutions pass, we could have a Top 20 holding 50% of shares in Key (currently Top 20 hold 34.89%).

Going by the acceptance of the 1 for 2 free options, on a 4mil+ share up-take on the latest CR exercise, we have either new entrants or larger holders in the TOP 20, post this CR

Sounds horrible I know but a real possibility, just imagine, the board will have the mandate (if the Top 20 are board friendly) to do as they please!

I think this will be the case come the GM, I just hope Key can move forward and get some of their projects adding value instead of milking value from our company.